Instructions transactions, and prepare the closing entry at December 31, (a) Journalize the treasury stock 2017, for net income. Stock 2) Treasury Stock, and (b) open accounts Capital from Treasury posting reference. 31 Retained Earnings. Post to these accounts using J10 as the at December are the stockholders' equity section for Fechter Corporation (c) 2017. onuity accounts of Castle Corporation on January 1, 2017, were